Credit Suisse has moved the head of its Middle East private banking equity research division to Geneva, two sources told Reuters on Sunday, the latest European bank to scale back research roles in the region.
Kamran Butt will support private banking sales in Switzerland with market research after spending six years in
Dubai, two people familiar with the matter said.
"Other analysts from outside the Middle East will be covering the local market here," one source, who spoke on
condition of anonymity because the matter is not public, said. Credit Suisse could not immediately be reached for comment.
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